Form 4: Micron Technology Executive Scott R. Allen Reports Stock Transaction
SEC Form 4
Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, reports the withholding of common stock shares to cover tax obligations.
Summary
- On April 15, 2024, Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology Inc., reported a transaction involving common stock.
- 661 shares of common stock were withheld to satisfy tax obligations related to the vesting of previously granted awards.
- The price per share for the transaction was $122.52.
- Following the transaction, Allen directly owns 48,652 shares of Micron Technology common stock, which includes 350.189 shares acquired on January 31, 2024, under the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a normal part of corporate governance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Acquisition of 350.189 shares under the Micron Technology, Inc. Employee Stock Purchase Plan |
| 04/15/2024 | Date of common stock shares withholding for tax obligations |
| 04/17/2024 | Date of signature for the report |
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